Oculatus Philanthropies

Nonprofit profile at a glance

EIN
934654287
IRS 990-EZ coverage
2024–2024
Forms available
Form 990-EZ 2024
Location
Greenacres, WA, USA
Phone
5097233707
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Single Organization Support

Reported finances

Revenue
$84,761
Expenses
$65,178
Assets
$19,583

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

6 people listed

People named in this filing

  • SHERI W WAGSTAFF (Chairman)
  • MALINDA WAGSTAFF (Secretary)
  • PETER E MOYE (Executive Dir.)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Oculatus Philanthropies' mission is to promote, accept, and maximize private and government support for institutions, programs, and services sponsored, to provide educational opportunities for all persons, wherever they may live, and to prudently manage, invest, and steward assets entrusted to it by donors and supporters.

What it reported doing in 2024

In partnership with Charis, we built two Bright Future Schools near where the parents are employed, in the Sake area of Rwanda - a region known for its poverty. The two schools offer food and uniforms for the children, teacher slaries, recognizing that teachers play a critical role in the children's success and access to the English language instruction and Christian education, along with other foundational studies appropriate for thei age group. The first school was originally designed for 25 students and quickly reached capacity with nearly 50 enrolled students. The second school located a few kilometers away was built to accommodated 50 students but now enrolls 100. There are 300 more children in the community who want to attend, but cannot due to lack of space. The mayor has designated some unused property which may be deeded to the schools for eventual build out. The third school is currently under construction. Future plans involve building a durable oven in US and ship to Rwanda.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 83
  • Transparency & Controls: 100
  • Sustainability: 49
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 74.3%; rating input score 74
  • Program expense ratio: 96.7%; rating input score 97

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 23.1%; rating input score 76; 76th percentile among comparable filings
  • Total-asset coverage ratio: 0.3; rating input score 21; 21st percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 74.3% of revenue deployed · 96.7% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $63K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 3 filed schedules
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Total-asset coverage ratio scored 21/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.